Nuttier than a squirrel..
Always has been..
Posted on 02/23/2018 10:33:10 PM PST by ameribbean expat
Elvis’s daughter, Lisa Marie Presley, inherited his $100m (£71.5m) estate in 1993 at the age of 25. Another 25 years later, she says in a lawsuit obtained by US media that she is down to her last $14,000.
Presley blames her former manager Barry Siegel for her precarious finances, and filed a suit last week against him accusing him of “reckless and negligent mismanagement” of her inherited estate.
In the suit, first reported by the US website the Blast, she claims that her cash reserves were whittled down because of Seigel’s poor investment decisions. He has countered that Presley is to blame, alleging in a lawsuit of his own that she squandered much of her fortune. He is demanding $800,000 in damages for non-payment.
Elvis Presley’s fortune had dwindled to a few million dollars at the time of his death in 1977, but the power of the Presley brand – including the tourist attraction Graceland – meant that assets were built back up into the $100m trust that Lisa Marie inherited on her 25th birthday.
(Excerpt) Read more at theguardian.com ...
God rest Elvis’s soul. He was a good man and a committed Christian.
Am I supposed to cry here?
Nuttier than a squirrel..
Always has been..
She shod married Nicholas Cage.
I guess she should get a job as a Walmart greeter or something. Who cares? She blew a lot of money she didn’t “earn”.
Michael musta been hung like a teenage white boy. Why else would he want to become white? I just figured so everything would match?
Or as I’ve heard it - it takes three generations to drink up a family fortune (ahem - Kennedys).
1956.
Does anybody notice the RCA dog in the upper right corner of the photo below?
Almost everybody in this picture is dead today. Possibly even everybody. But at one time, they were all young and vibrant. I think I see a future astronaut in the audience. Can you spot him?
Almost everybody in this picture is dead today. Possibly even everybody.
You had me concerned.
Found this: How Many People Are Alive From the Year You Were Born
77-year-old pop., 2017: 1,477,282
> Ppl. born in 1940 who are still alive: 62.6%
> Births: 2,360,399
> U.S. population: 131,865,866
You’d think his popularity would be waning, but if it is someone ought to tell EP Enterprises. They are spending a fortune right now to build restaurants and a 500 room convention center around Graceland. They also ought to tell all those people that flock to Memphis every year from all over the world. They come to tour Graceland and Sun Studio, many clearly born after he died in ‘77.
I’m from Memphis and rather tired of it all. I’m in my fifties and have lived with this phenomenon all of my life. I’m tired of hosting visitors who want to go to Graceland. When I was a boy they wanted to drive by to see if we could see Elvis. Now they want to take the tours. I was in Belize a few years ago and went to a restaurant that played Elvis and Sun Studio acts the whole time we were there. I can’t escape it!
I’m thinking those in the photo are older than that. Elvis himself was born in 1935. I’m thinking the average age of the people in that crowd was mid-20s which means they’d be in the mid-to-late 80s today. Would have been cool to be at that concert from so long ago. I’m told there was so much optimism in America during the mid 1950s.
Didn’t she fall for the Scientology scam (and try to pull in Michael Jackson, who didn’t fall for it)? Or is my recollection off?
You certainly have my sympathy and condolences. I’m not joking.
Maybe this is the last gasp of the Elvis groupies? I can’t imagine it lasting much longer. I’ve been wrong many times before but how much further can marketing carry it?
IIRC Priscilla was the one who pretty much reignited the Elvis phenomenon after he died and made sure there was something for Lisa Marie.
I remember his estate selling his music rights to Michael Jackson. I figured the jig was up then.
I wonder if the younger people going to Graceland are people who grew up with parents who were big fans and are taking grandma for the tour as a family thing? I can kind of understand the foreign interest in Elvis, but to the extent of traveling here to tour Graceland? Must be part of their American vacation “experience”.
All said, I never understood the whole Elvis thing. Never liked him or his music that much.
Also Elvis is mostly unknown outside the US, UK and Japan. Immigrants to the US over the past 30 years have no connection with Elvis...
Says forbes.com:
“Elvis Presley’s Earnings: $35 Million In 2017. Elvis earned $35 million pretax over the past year, placing him in the No. 4 spot on our Halloween-spooky list of highest-paid dead celebrities.”
Bloomberg gives the photo date as 1957.
If the crowd is the same age as Elvis, and clearly they are not.
Most of the Elvis cohort are still living.
Suprise.
> 82-year-old pop., 2017: 1,049,356
> Ppl. born in 1935 who are still alive: 48.7%
> Births: 2,155,105
> U.S. population: 127,521,006
“Immigrants to the US over the past 30 years have no connection with Elvis...”
Good point.
I hadn’t considered that but should have.
Nice Quote! I would love to use that sometime.
Can you help me with a source?
IIRC, she gave her hubby Michael Jackson the royalties or something.
No, honey, your manager didn’t do anything you didn’t allow. No one loses $100 million without working hard at it.
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